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Author Topic: The Macroeconomics of Chinese kleptocracy  (Read 875 times)
kangasbros
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June 10, 2012, 08:38:55 PM
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http://brontecapital.blogspot.co.uk/2012/06/macroeconomics-of-chinese-kleptocracy.html

After reading the article, I really thought that bitcoin could be huge thing in china. Especially since the investment vehicles for the poor and middle-class are very limited (for example, they can't invest outside the country), it could really change things. Have to start translating my projects to chinese Cheesy

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June 10, 2012, 09:35:24 PM
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Based on that article if Bitcoin ever started to become popular with the masses in China you could expect a massive crackdown. This means that a lot more work would need to be done to enable the network to work in the presence of active attempts to detect and block it.
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June 10, 2012, 10:40:46 PM
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Bitcoin really isn't a political statement. I don't really see why any government would oppose it except for tax evasion. Bitcoin is quite traceable with the proper tools, so that shouldn't be an issue. In fact, because it is very fraud resistant, governments wouldn't have to worry about someone claiming fraud for their bad behavior.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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June 11, 2012, 02:20:33 AM
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investment vehicles for the poor and middle-class are very limited
You are absolutely right.Tell me if i can help.

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